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Identifying Financial Distress Firms: A Case Study of Malaysia's Government Linked Companies (GLC)

Ahmad Khaliq · Basheer Hussein Motawe Altarturi · Hassanudin Mohd Thas Thaker · Yousuf Harun · Nurun Nahar

70 citations0/0 files storedThe International Islamic University Malaysia Repository (The International Islamic University Malaysia)

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Financial Distress and Bankruptcy Prediction Corporate Finance and Governance Corporate Insolvency and Governance

Abstract

The unhealthy financial state can be a massive and can cause long term distress which can result to restrictions of investments activities, capital flows and performance of firms. Thus it is vital for organizations to identify the reasoning that may lead to a corporate failure and take measures accordingly to refrain from such condition. Thus, this present study addresses the financial distress measurement among 30 GLC’s listed companies in Bursa Malaysia over the period of five years (2008 until 2012). This paper asses the financial distress determinant measured by Z score statistics model. Further on, determinant such as current ratio and debt ratio were identified. Results show that there is significant relationship between both variables and Z – Scores that determine financial distressed of the GLC.

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY 1977Determinants of corporate borrowing 1990Practical Research: Planning and Design 1980Financial Ratios and the Probabilistic Prediction of Bankruptcy 1966Financial Ratios As Predictors of Failure 1994Financial Distress and Corporate Performance 1999Eclipse of the Public Corporation

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2019PENGARUH LIKUIDITAS, LEVERAGE, DAN KEPEMILIKAN INSTITUSIONAL TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN PROPERTY DAN REAL ESTATE 2017Monitoring mechanisms and financial distress of public listed companies in Malaysia 2018Determinants of Financial Distress among the Companies Practise Note 17 Listed in Bursa Malaysia 2019External and internal determinants of performances of Shariah and non-Shariah compliant firms 2015ANALISIS RASIO KEUANGAN TERHADAP KONDISI FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2008-2013

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